Northeast Bank: how it compares with its peers
Against 52 MN banks with half to twice its assets, Northeast Bank's strongest measure in Q2 2026 is assets per employee ($10.7M vs. a $7.9M peer median). Its weakest relative measure is efficiency ratio (64.34% vs. 58.02%).
| Measure | Northeast Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.49% | 1.36% | Middle third Ahead of 62% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.08% | 3.92% | Middle third Ahead of 58% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 64.34% | 58.02% | Bottom third Ahead of 29% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $10.7M | $7.9M | Top third Ahead of 85% of peers |
| Loans to deposits Net loans and leases over total deposits. | 77.69% | 86.05% | Context |
What it means for lending operations
Its efficiency ratio of 64.34% is above the 58.02% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- First National Bank North Walker, MN · $864M
- Falcon National Bank Foley, MN · $872M
- Pioneer Bank Mapleton, MN · $884M
- 21st Century Bank Loretto, MN · $895M
- Highland Bank Saint Paul, MN · $776M
- VersaBank USA National Association Holdingford, MN · $912M
Questions about Northeast Bank
How big is Northeast Bank?
Northeast Bank, established in 1948, is headquartered in Minneapolis, MN. It reported $837M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is Northeast Bank's return on assets?
1.49% annualized in Q2 2026, against a 1.36% median for 52 MN banks with half to twice its assets, ahead of 62% of them.
What is Northeast Bank's efficiency ratio?
64.34% in Q2 2026: it spent about 64 cents in noninterest expense for each dollar of revenue. The peer median is 58.02%, and lower is better.
Is Northeast Bank growing its loans?
Net loans grew 0.3% over the year to Q2 2026, while deposits grew 0.2%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MN banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Minnesota bank ranked.